IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i23p7814-d1289081.html
   My bibliography  Save this article

Financial Aspects of Energy Investments in the Era of Shaping Stable Energy Development in Poland: A Case Study

Author

Listed:
  • Marcin Olkiewicz

    (Faculty of Economic Sciences, Koszalin University of Technology, 75-753 Koszalin, Poland)

  • Joanna Alicja Dyczkowska

    (Faculty of Economic Sciences, Koszalin University of Technology, 75-753 Koszalin, Poland)

  • Anna Maria Olkiewicz

    (Faculty of Economic Sciences, Koszalin University of Technology, 75-753 Koszalin, Poland)

Abstract

Investments in green energy are necessary due to, among other reasons, the growing expectations of stakeholders, climate change, limited natural resources, and improved quality of life. Unfortunately, the costs of implementing pro-environmental activities related to investing in technologies using alternative methods of obtaining energy are significant, which is why more and more entities are analyzing their profitability. The aim of this study, as part of a case study, is to assess the energy investment in PV panels in the logistics center (LC) being built in Central Pomerania. The analyzed investment fits into the activities of the development perspective of the renewable energy sources sector and is also very important from the perspective of shaping the conditions and stable development of the energy industry in Poland. The study proved that such a large investment, taking into account various forms of financing, will pay off within 15 years, which is a very good result from the point of view of its durability. The best variant of capital involvement is the option 20 (own capital)/80 (outsourced capital), which, among other things, confirms (in thousands of euros) NPV = 4.43, NPV (TGeBase) = 0.04, and NPV (CAPEX) = 4.32.

Suggested Citation

  • Marcin Olkiewicz & Joanna Alicja Dyczkowska & Anna Maria Olkiewicz, 2023. "Financial Aspects of Energy Investments in the Era of Shaping Stable Energy Development in Poland: A Case Study," Energies, MDPI, vol. 16(23), pages 1-21, November.
  • Handle: RePEc:gam:jeners:v:16:y:2023:i:23:p:7814-:d:1289081
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/23/7814/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/16/23/7814/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bing Xue & Yong Geng & Katrin Müller & Chengpeng Lu & Wanxia Ren, 2014. "Understanding the Causality between Carbon Dioxide Emission, Fossil Energy Consumption and Economic Growth in Developed Countries: An Empirical Study," Sustainability, MDPI, vol. 6(2), pages 1-9, February.
    2. Anita Jose & Shang-Mei Lee, 2007. "Environmental Reporting of Global Corporations: A Content Analysis based on Website Disclosures," Journal of Business Ethics, Springer, vol. 72(4), pages 307-321, June.
    3. Hao, Han & Liu, Zongwei & Zhao, Fuquan & Li, Weiqi & Hang, Wen, 2015. "Scenario analysis of energy consumption and greenhouse gas emissions from China's passenger vehicles," Energy, Elsevier, vol. 91(C), pages 151-159.
    4. Manuel Frondel & Kathrin Kaestner & Stephan Sommer & Colin Vance, 2023. "Photovoltaics and the Solar Rebound: Evidence from Germany," Land Economics, University of Wisconsin Press, vol. 99(2), pages 265-282.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marcin Olkiewicz & Anna Olkiewicz & Radosław Wolniak & Adam Wyszomirski, 2021. "Effects of Pro-Ecological Investments on an Example of the Heating Industry—Case Study," Energies, MDPI, vol. 14(18), pages 1-24, September.
    2. Jing Lin & Boqiang Lin, 2016. "How Much CO 2 Emissions Can Be Reduced in China’s Heating Industry," Sustainability, MDPI, vol. 8(7), pages 1-16, July.
    3. Zhang, Yue & Zhang, Qi & Farnoosh, Arash & Chen, Siyuan & Li, Yan, 2019. "GIS-Based Multi-Objective Particle Swarm Optimization of charging stations for electric vehicles," Energy, Elsevier, vol. 169(C), pages 844-853.
    4. repec:jtr:journl:v:8:y:2014:i:1:p:29-42 is not listed on IDEAS
    5. Wu, Tian & Shen, Qu & Xu, Ming & Peng, Tianduo & Ou, Xunmin, 2018. "Development and application of an energy use and CO2 emissions reduction evaluation model for China's online car hailing services," Energy, Elsevier, vol. 154(C), pages 298-307.
    6. S. Zeng & X. Xu & H. Yin & C. Tam, 2012. "Factors that Drive Chinese Listed Companies in Voluntary Disclosure of Environmental Information," Journal of Business Ethics, Springer, vol. 109(3), pages 309-321, September.
    7. Xiaoxia Shi & Haiyun Liu & Joshua Sunday Riti, 2019. "The role of energy mix and financial development in greenhouse gas (GHG) emissions’ reduction: evidence from ten leading CO2 emitting countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(3), pages 695-729, October.
    8. Alice Klettner & Thomas Clarke & Martijn Boersma, 2014. "The Governance of Corporate Sustainability: Empirical Insights into the Development, Leadership and Implementation of Responsible Business Strategy," Journal of Business Ethics, Springer, vol. 122(1), pages 145-165, June.
    9. Peng, Tianduo & Ou, Xunmin & Yuan, Zhiyi & Yan, Xiaoyu & Zhang, Xiliang, 2018. "Development and application of China provincial road transport energy demand and GHG emissions analysis model," Applied Energy, Elsevier, vol. 222(C), pages 313-328.
    10. Li, Danyang & Chen, Wenying, 2019. "TIMES modeling of the large-scale popularization of electric vehicles under the worldwide prohibition of liquid vehicle sales," Applied Energy, Elsevier, vol. 254(C).
    11. Olivier Boiral & Charles Baron & Olen Gunnlaugson, 2014. "Environmental Leadership and Consciousness Development: A Case Study Among Canadian SMEs," Journal of Business Ethics, Springer, vol. 123(3), pages 363-383, September.
    12. Bouten, Lies & Everaert, Patricia & Van Liedekerke, Luc & De Moor, Lieven & Christiaens, Johan, 2011. "Corporate social responsibility reporting: A comprehensive picture?," Accounting forum, Elsevier, vol. 35(3), pages 187-204.
    13. Rongbing Huang & Yubo Huang, 2020. "Does Internal Control Contribute to a Firm’s Green Information Disclosure? Evidence from China," Sustainability, MDPI, vol. 12(8), pages 1-23, April.
    14. Zachary Johnson & Minoo Talebi Ashoori & Yun Jung Lee, 2018. "Self-Reporting CSR Activities: When Your Company Harms, Do You Self-Disclose?," Corporate Reputation Review, Palgrave Macmillan, vol. 21(4), pages 153-164, December.
    15. Chen, Zhongfei & Huang, Wanjing & Zheng, Xian, 2019. "The decline in energy intensity: Does financial development matter?," Energy Policy, Elsevier, vol. 134(C).
    16. Xiaopeng Guo & Xiaodan Guo & Jiahai Yuan, 2014. "Impact Analysis of Air Pollutant Emission Policies on Thermal Coal Supply Chain Enterprises in China," Sustainability, MDPI, vol. 7(1), pages 1-21, December.
    17. Hao, Han & Liu, Zongwei & Zhao, Fuquan, 2017. "An overview of energy efficiency standards in China's transport sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 246-256.
    18. Li, Wenjie & Yang, Lixing & Wang, Li & Zhou, Xuesong & Liu, Ronghui & Gao, Ziyou, 2017. "Eco-reliable path finding in time-variant and stochastic networks," Energy, Elsevier, vol. 121(C), pages 372-387.
    19. Thomas A. Tsalis & Maria Terzaki & Dimitrios Koulouriotis & Konstantinos P. Tsagarakis & Ioannis E. Nikolaou, 2023. "The nexus of United Nations' 2030 Agenda and corporate sustainability reports," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 784-796, April.
    20. Leon Windscheid & Lynn Bowes-Sperry & Karsten Jonsen & Michèle Morner, 2018. "Managing Organizational Gender Diversity Images: A Content Analysis of German Corporate Websites," Journal of Business Ethics, Springer, vol. 152(4), pages 997-1013, November.
    21. Bullock Graham, 2015. "Signaling the credibility of private actors as public agents: transparency, independence, and expertise in environmental evaluations of products and companies," Business and Politics, De Gruyter, vol. 17(2), pages 177-219, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:16:y:2023:i:23:p:7814-:d:1289081. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.